The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-11-06

counts for the high figures they put
upon their real estate. Each one seems
to have adopted the real estate business
as a profession, and is satisfied if he
holds only his own property"
Yesterday was dividend day at u. G.
NJ. l., and Assistant Cashier Beari W.
kept busily engaged. The stock is held
stiff at $l.10, with no buyers, so far as
known.
Money is reported as easy, plenty
being obtainable on good security, at
1 @ 10 per cent.
Of trade in the east R. G. Dun & Co.,
in their weekly circular say: During
the past week, and during the month,
the volume of business has diminished
somewhat, as is natural at this season.
But the October trade, in some branches
and sections, falls behind that of the
same month last year; fact partly
explained by the unusual volume OF
business in September. Distribution
of goods purchased does not quite meet
expectations, and collections are still
slow or but fair in many quarters,
though the situation in that respect is
more favorable than it appeared to be a
week or two ago. Demands for accom-
still frequent, and the drain of money
from this point has not ceased,
though it mas lessened in volume,
partly because many balances have
been drawn down to the minimum, and
some applications for accommodation
have been refused. Exchanges still
reflect a fair activity in trade, and rail-
road statistics a movement OF products
large for the season.
a conservative indisposit1on to un-
dertake new enterprises has appeared
since July, and has brought timely
check in railroad building, real estate
operations and some branches of manu-
featuring Consequently liquidation of
past operations Is now the feature OF
most interest; if that progresses salts
factoriiy, the outlook for an excellent
trade in ths future is good. Thus far
returns indicate fair progress in settle
ments in most branches OF trade, and
at most southern and western points,
but some exceptions are noued. The
collapse Of many iron mining COM
panies of the Gogebic range throws
hundreds out of employment, and
brings disaster to multitude of small
investors in their stocks, and to many
tradesmen. At several localities where
real estate speculation had become e1-
cesslve year ago, failure 10 make sec
ond payments is now producing reac-
tion. with severe losses to many. All
over the southwest, there are many
holders of real estate papers who are
seeking payments, not always with
success. ~
From most points this weeks reports
indicate some Improvement ID collec-
tions, a fair activity in business, and
diminishing stringency in money mar
kets, at Chicago the mercantile de-
mand for accommodations is unabated,
though collections have improved and
shipments of money to the country
have moderated. At Omaha money is
easier, and real estate payments have
thus far been satisfactory, but slow col
lections and much pressure are noted
at Kansas City, Wichita, Cleveland, and
some southern points. Distinct i'm
nroyement appears at Louisville, Mem
phis and Atlanta. Large failures cause
some surprise at Milwaukee,; and at
Montreal and Toronto, while business
is moderatively active, interest rates
advance, and payments are somewhat
slow.
market for other than the best grades is
very Irregular. More inquiry for rails
Is noted. but orders are not up to ex-
Dectations, and there are reports OF
sales at S33. The coal supply is short,
and the Lehigh strike does not end;
miners are losing over 81 600, COO per
month. The wool market is better In
tone, though sales are not yet large;
some Improvement in demand for dress
goods is noticed, but the manufacture
of heavy goods is still embarrassed by
inadequate demand. Prices OF cotton
goods are firm, and the movement sat
isfactory. Boot and shoe buyers are
numerous and prices firm.
Breadstuffs have advanced little,
and pork products yielded; cotton is
shade stronger, but oil cents lower. In
the stock market gradual recovery
has lifted prices about $3.50 per
share. and the tone is improved
nv some revival of foreign pur-
ohases, The order of the Interstate
Commission, inviting roads to confess
their disregard OF the act, excites some
comment. Foreign trade changes but
slightly; New York October exports
are 3 per cent. larger, and imports "a
ner cents larger than last year. The
Treasury has added $500 600 to Its cash
fbis week. besides increasing its back
deposits. but has added to the circula-.
ton by issues of certificates in place OF
bullion bought.